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NewsBTC 2018-02-23 05:42:13

NewsBTC

Bears all over guys and so far, all altcoin gains from last week’s bullish run has been reversed. LTC, EOS, NEO, Lumens and even DASH are on a down trend testing last week’s lows.

Let’s have a look at these charts:

XLM/USD

Lumens Technical Analysis
XLM/USD Daily Chart for February 23, 2018

So far, Lumens sellers are trending right at last week’s lows and that’s a 100% retracement as far as price action is concerned.

Now, the thing is this week has been largely bearish-we can see that and track from what has been happening over the past couple of days.

If we zoom into the 4HR chart we notice that bear momentum is waning as candlestick are beginning to print away from the lower BB with stochastics at over sold territory.

This doesn’t mean much and isn’t our basis for going long or short but should be hinting especially now that we are looking for buy signal.

If any bullish engulfing candlestick prints and drive prices above $0.38, then I recommend longs if not and prices close below $0.30 today, then we better look for sell opportunities because that will be a bear break out below this ascending wedge.

DASH/USD

DASH/USD Technical Analysis
DASH/USD Daily Chart for February 23, 2018

Like the Lumens, DASH is on a down trend and if we view price developments in the 4HR chart then we notice that sellers are actually stepping on gas as they band along the lower BB.

In the daily chart however, we are at a cross road and wont recommend buy or sell unless there is a definitive follow through of yesterday’s bear pressure.

Remember, from previous analysis the middle BB and price around $620 remains a key price tag since it is right at previous bullish break out point and we are yet to know if this will turn out to be a retest or bear resumption despite last week’s bullish pressure.

In my view, buyers need prices to pick up and if there is a close above $620, then that would be a double bar reversal pattern or a retest right at the middle BB.

EOS/USD

EOS/USD Technical Analysis
EOS/USD Daily Chart for February 23, 2018

Because of yesterday’s bear confirmation, we remain neutral for the time being until we see what happens to EOS value at around $6 and $7.

Those are 2018 lows and should definitely influence prices in the short term.

The middle BB will continue being our first layer of resistance with $9.5 being our bull trigger assuming there is a strong reaction at $7 in the coming sessions.

LTC/USD

LTC/USD Technical Analysis
LTC/USD Daily Chart for February 23, 2018

From the chart, sellers are definitely in charge and as long as yesterday’s LTC bear pressure continue, then chances of the middle BB and $160 being hit is high.

Our strategy is on course and what remains today is if there will be a reaction at $180. If prices slow down and any bullish engulfing candlestick prints anywhere around support in the 4HR chart, then bulls can buy and spread out their entries.

Otherwise any surge past $160 will invalidate our initial bullish break out strategy.

NEO/USD

NEO/USD Technical Analysis
NEO/USD Daily Chart for February 23, 2018

Guys, all we can say is NEO is continuing with the shed. So far, $10 is off from yesterday’s lows and as long as bears continue with the swing, then chances are they shall test the break out line at $100  before a possible trend resumption happens.

All charts courtesy of Trading View

The post appeared first on NewsBTC.

Altcoin Analysis: NEO, EOS, LTC, IOT and Lumens

NewsBTC

Question is: will altcoins continue charting its way up now that buyers are picking prices from key support levels? In my opinion, it looks likely but I’m a little bit skeptical about NEO bull pressure.

Mind you, this token was resilient and didn’t full go to the dregs like the rest. In fact, all things equal, the recovery has been swift insinuating buy pressure but I cannot recommend buys unless I see a strong reaction above $140.

Let’s have a look at these charts:

XLM/USD

XLM/USD Technical Analysis
XLMUSD Daily Chart for February 20, 2018

Prices are still oscillating within February 18 bear candlestick and from the chart, we notice that Lumens is actually facing a little bit of sell pressure.

Even though we still are optimistic that prices may continue moving higher in the coming sessions, the only trigger for further bear pressure is if sellers push prices below the middle BB towards $0.30.

At the moment, the lack of price pressure is causing Lumens prices to consolidate along the 20 period MA in 4HR chart. Apart from this, this slow down of momentum is causing the bands to converge leading to that BB squeeze which as history shows often leads to a break out.

Overly, we still hold on to our bullish forecast and any break above $0.50 will signal trend continuation and 3rd phase of a bullish break out pattern in the 4HR chart.

IOT/USD

IOT/USD Technical Analysis
IOTUSD Daily Chart for February 20, 2018

Even after that bullish breakout on February 14, IOTA bulls cannot talk of considerable capital gains over the last 4-5 days.

Fact is we are seeing these swings between the main support at the middle BB and at $2.2-which by the way remains our bona fide resistance level unless we see a surge above it today. After all, yesterday was largely bullish with buyers driving prices to February 17 highs.

From our analysis, buyers are still in charge and every low as we said remains a trampoline towards swing traders’ targets at $2.2.

EOS/USD

EOS/USD Technical Analysis
EOSUSD Daily Chart for February 20, 2018

Look at how EOS bears react at around $9.5. That’s just around the middle BB and an area of interest in our analysis. As we have been saying, as long as buyers sustain prices above $9.5, there is no need of alarm because we shall maintain our positive skew and buy on dips.

However, and this is important, if there is a follow through and bears drive prices below February 18 lows, then we expect EOS to dip to as low as $8.

This is when we shall move to the 4HR chart, check the stochastics and buy when a buy signal prints. Else, conservatives should wait for a close above last week’s highs of $10 and $11.5 as they trade as per yesterday’s recommendation.

LTC/USD

LTC/USD Technical Analysis
LTCUSD 4HR Chart for February 20, 2018

In line with our positivity from yesterday’s view, we shall first of all maintain our skew and trade as per that Morning Star pattern reversing right from the middle BB and $100 in the weekly chart.

Secondly, since we are cognizant of that bullish break out pattern, we shall be taking every bull back from key support lines from last week’s high lows.

We must acknowledge the strong LTC buy reaction after week ending February 11 and this case, even though prices are kind of slowing down and printing that bull flag in the 4HR chart, buyers should practice patience and wait for a decisive close above $240 before trading.

If not, any break below $210 and we can as well wait for bullish build up at around $180-$180 in the coming sessions.

NEO/USD

NEO/USD Technical Analysis
NEOUSD Daily Chart for February 20, 2018

Prices are pretty much stuck within February 18 trade range. When we compare NEO price action in the 4HR chart, we note that there is a clear double top where buyers are testing.

The thing is, prices are above $130 and as per our previous recommendations, we shall retain a positive outlook and look to spread out long entries between $110 and $130 assuming there is a retrace.

I recommend buys with stops below $115 as visible in the daily chart.

 

All charts courtesy of Trading View

 

 

The post Altcoin Analysis: NEO, EOS, LTC, IOT and Lumens appeared first on NewsBTC.

Altcoin Analysis: NEO, EOS, LTC, IOT and Lumens

NewsBTC

Most altcoins moved lower but that is normal especially if we consider how robust prices have been over the past 4-5 trading days. That’s what happening to EOS and NEO especially.

In any case, buyers should be gearing to buy on dips-and average down they position with every lows these liquid coins prints.

Let’s have a look at these charts:

XLM/USD

XLM/USD Technical Analysis
XLMUSD Daily Chart for February 19, 2018

Some little bit of positivity here, Besides Bittrex, Lumens is now available at Kraken with USD as quote. Several prices show a positive correlation between price and the availability of tokens at more than one high trading volume exchange.

In this case, I recommend taking long opportunities in lower time frames every time a stochastics buy signal prints from the oversold territories.

As it is, we can see that slide of Lumens prices towards the middle BB at around $0.40 but in my opinion, prices might actually recover and trend higher today.

If not, then we shall be waiting for pull backs towards $0.30 and that is actually ideal buying zones since it acts as our short term support.

IOT/USD

IOT/USD Technical Analysis
IOTUSD Daily Chart for February 19, 2018

It’s obvious that IOTA prices are actually bouncing off this mid-range resistance line at $2.2.

Of course the overall mood is positive and technically, our recommendation is to pick longs when prices fall back towards the break out level at around $2 or better still the middle BB.

In my view, I don’t recommend going long until after there is a strong close above $2.2 in the coming session.

That is when maybe we can start spreading out longs but my ultimate break out point is above $3 when bulls are in charge and trading above this strong $1 resistance range.

EOS/USD

EOS/USD Technical Analysis
EOSUSD Daily Chart for February 19, 2018

Even though we have sellers pushing down prices at $9.5, I remain positive and inclined to think that EOS will find support in due course and sync with last week’s positive price recovery.

In coming sessions, the middle BB and $9.5 remains significant and as we said before, conservatives should wait for a strong close above $11.5 or there about to initiate long with any pullback towards $9.5.

At the moment, sellers might actually follow through today despite pockets of buy pressure from yesterday’s long lower wicks.

If prices close below yesterday’s lows, then there is a high chance that EOS sellers might drive prices to $8.5 before a recovery happens. Buyers have to be on standby and buy when that discount avails itself in the 4HR chart.

LTC/USD

LTC/USD Technical Analysis
LTCUSD Daily Chart for February 19, 2018

Surprisingly, following the explosion of LTC bullish pressure on February 14, prices have been moving within a tight $25 range or so with barriers at $240.

This is common with such break out pattern and as per our plan on February 17, it is likely that prices might move lower and complete the 2nd phase of a bull break out pattern, the retest before buyers resume normal business as per last week’s pattern.

Anyhow, isn’t that a clear 3 –bar bull reversal pattern visible in the weekly chart? In my view and this is actually my recommendation. I retain my positive projection as we build up to February 26 LitePay launch, LTC may find support at around $180-$200. That’s just around the 61.8% Fibonacci retracement level and the middle BB.

Alternatively, you can fine tune entries in the 4HR chart and wait for a stochastic buy before loading longs. If not, buy stops above $255, the 2nd Fibonacci extension level in the weekly chart may just do the trick if we remain optimistic with price.

NEO/USD

NEO/USD Technical Analysis
NEOUSD Daily Chart for February 19, 2018

Yesterday’s NEO prices were pretty much lower and in our view, sellers might continue pushing prices down.Remember, in our previous analysis, $130 continues to be a strong region of resistance.

However, since we were trading a break out trade, it is likely that this correction back to $110-$120 might be on the cards especially if price breaks and trade below the 20 period MA in the 4HR chart.

Even though we cannot rely on stochastics, we can get to know the strength of bears by looking at the spread-between %k and %d of the stochastics.

 

The post Altcoin Analysis: NEO, EOS, LTC, IOT and Lumens appeared first on NewsBTC.

Altcoin Analysis: NEO, EOS, LTC, IOT and Lumens

NewsBTC

It is likely that most altcoins will complete a 3-bar bull reversal pattern known as a morning star right at key support levels in the weekly chart.

LTC, Lumens and EOS/USD will lead the charge and offer wonderful buy opportunities next week.

My advice is for buyers to wait for meaningful entries next week and not to buy at peaks at current prices.

Let’s have a look at these charts:

XLM/USD

alt coin XLM/USD Technical analysis
XLMUSD Daily Chart for February 17, 2018

In the coming sessions, trading Lumens is pretty much straight forward.

As we can see from the chart, prices are trending higher and with stochastics signals widening, it is likely that prices will continue rally-as it is doing at the moment, meaning every pull back in lower time frames is another clear buying opportunity.

Let’s not forget that we are trading from a top-down approach. If this week’s end up bullish, then there will be a sweet confirmation of a 3-bar reversal bull pattern-the Morning Star in the weekly chart.

Therefore, this means any lows that prints in lower time frames is another opportunity to buy on dips with bull targets at $0.70.

IOT/USD

alt coin IOT/USD Technical analysis
IOTUSD Daily Chart for February 17, 2018

Today’s candlestick looks like a sold block with no lower and upper wick-a marubozo-and this is no rocket science, it means buyers are strongly in charge.

Remember, upon checking yesterday’s candlestick we note that prices did slow down ending up bearish.

But as per our trading strategy, our recommendation is to buy on every pull back-especially to the middle BB. If we zoom to the 4HR chart, we note that prices bounced off from that line.

In this case, any higher highs is remains important from IOTA bull perspective and today we wait and see how prices react at $2.2, the mid range of this solid resistance zone.

EOS/USD

alt coin EOS/USD Technical analysis
EOSUSD Daily Chart for February 17, 2018

The reaction before today’s breach of the all important middle BB at around $10 has been nothing short of impressive.

Notice that before today’s bull bar, prices did stall along $9.5-our main resistance line now support with restriction on the upside by the 20 period MA.

Besides this bullish development in the main chart, the stochastics continue to hint of bullish pressure continuation.

With every diverging %k and %d, $9.5 should be a spring board and a loading zone for buyers more so if there is a pull back.

LTC/USD

alt coin LTC/USD Technical analysis
LTCUSD Daily Chart for February 17, 2018

Now, this week’s LTC will end up bullish not just from a technical point of view but also from supportive fundamentals-LitePay and others.

Technically, we remain bullish and trade according to a bull break out strategy. Despite prices being on a roller coaster and riding along the curves of the upper BB-note the banding, somehow, there must be a retrace back to the middle BB or even lower to $180 in the coming sessions.

That’s what we expect of such strong break outs-it happens all the time. As such, it won’t be a good idea to go long at the moment.

After all, the stagnation in the 4HR hints of bearish pressure and that’s why buyers should stay on the side lines until next week.

NEO/USD

alt coin NEO/USD Technical analysis
NEOUSD Daily Chart for February 17, 2018

This is exactly what we want to see and now that prices are now above $130, position traders should refine their entries and buy with every stochastic buy signal in the 4HR chart.

At the moment, we shall treat the middle BB and $130 as potential support with ideal loading positions at around $120.

 

All charts courtesy of Trading View

The post Altcoin Analysis: NEO, EOS, LTC, IOT and Lumens appeared first on NewsBTC.

Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens

NewsBTC

Besides EOS/USD, most high cap altcoins are trading above the middle BB-a level which is important in our analysis.

Even though we saw a general slowdown in bullish momentum, we expect prices to bounce back today or tomorrow and with every low these alt coins make, buyers should take advantage of the free discount and load up their longs when a stochastics buy signal prints preferably in the 4HR chart.

I will be watching how EOS and NEO turn out at the end of the day because all we need is a push and close above $11.5 and $130 respectively.

Let’s have a look at these charts:

XLM/USD

alt coin XLM/USD Technical analysis
XLMUSD Daily Chart for February 16, 2018

Prices are oscillating around our main resistance line at around $0.50.

While yesterday’s prices were largely bearish with no definitive close above the middle BB as per our forecast, we shall still retain our bullish skew.

At the moment, we can see that bull momentum is increasing. This is definitely supportive of buyers who should be looking for buy opportunities in lower time frames.

Zooming in, price action development especially in the 4HR chart looks perfect and it that regard, Lumens reaction at around $200 looks to be a perfect spring board for buyers.

IOT/USD

alt coin IOT/USD Technical analysis
IOTUSD Daily Chart for February 16, 2018

What a nice and clean confirmation of February 14 bullish candlestick and break out.

As per the break out strategy, I recommend scalpers to consider bullish signals in lower time frames with immediate targets at around $3-the upper limit of this consolidation range.

Because IOTA bulls seem to be in the driving seat as momentum indicator shows, positional traders should wait and see how bulls react at the first level of resistance at $2.2 -61.8% Fibonacci retracement level.

Otherwise, if there is a pullback, the middle BB-the break out line shall be our immediate support.

EOS/USD

alt coin EOS/USD Technical analysis
EOSUSD Daily Chart for February 16, 2018

What we are seeing here is encouraging from an EOS long perspective.

Of course we have to stick to our entry conditions and wait for a clean close above $11.5 but the fact that bulls are maintaining prices above $9.5 is impressive.

Consider that prices are also at the middle BB which we all know is a strong resistance line which if prices break and close above it might signal periods of higher highs in consequent sessions.

I recommend spreading out long entries from here with stop losses below $9.5 because chances of a break out are high courtesy of this increasing bull momentum as the stochastics shows.

LTC/USD

alt coin LTC/USD Technical analysis
LTCUSD Daily Chart for February 16, 2018

In the daily chart, it would be a mistake if we miss the genesis of the strong bullish candlestick evident in the weekly chart.

Yesterday’s price action played the part confirming the bullish break out candlestick-as per our expectation.

Now, given the nature of stochastics-hinting of increasing momentum, those who didn’t catch the initial ride up when prices were around $155 can wait for a retest of the middle BB and enter long in the 4HR chart.

After all, bullish momentum is high in the daily chart and chances of price correction following such moves are often high.

NEO/USD

alt coin NEO/USD Technical analysis
NEOUSD Daily Chart for February 16, 2018

The good thing about the current NEO price action is that prices are trending above the middle BB and actively setting a firm foundation for a perfect bounce above $130 if there is a continuation of buy pressure today.

Notice the lower wicks and rejection of lower prices? This signals that buyers are truly in charge and syncing with what stochastics are hinting in the secondary chart.

Anyhow, our projection seems to on course according to our initial plan.

 

All charts courtesy of Trading View

The post Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens appeared first on NewsBTC.

Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens

NewsBTC

Besides Lumens, other high cap altcoins under our radar were bearish and moving within February 12 high lows.

Will there be replication of Lumens break above today? Well, it depends on if these stochastic buy signals are reflective of underlying buy pressures that could actually lift prices past resistance levels from which the 20 period MA plays a big role.

For now, I recommend buying Lumens in small proportions and spreading out entries until after there is a close above $0.50 in the coming sessions-assuming that happens today.

Let’s have a look at these charts:

XLM/USD (Lumens)

alt coin Lumens Technical analysis
XLMUSD Daily Chart for February 14, 2018

After periods of higher highs and consolidation, Lumens prices are now trading above our bullish trigger line of 40.40.

Of course, we can begin looking for long entry signals in lower time frames but as we have said time and time again, the middle BB is a significant resistance line that is worth waiting for a close below or rejection.

Those prices will be around $0.50 or the 38.2% Fibonacci retracement line and when that happens, I will recommend fine tuning longs in the 4HR chart as we bulls aim for $0.70 in the short term and $1 in the medium term.

IOT/USD

alt coin IOT/USD Technical analysis
IOTUSD Daily Chart for February 14, 2018

Yesterday’s prices were oscillating within February 12 high lows and even if I don’t recommend positional entries in this pair, scalpers can have a shot or two in the short term.

First, for that to happen, bulls should be active and if possible push prices past the third layer of support-the middle BB, at $2.

If that happens today, then buyers can be in a pole position to tune entries in lower time frames and take long signals only because anyway, stochastics in the daily chart is lifting from the oversold territory and could possibly buoy buyers today and in the coming sessions.

EOS/USD

alt coin EOS/USD Technical analysis
EOSUSD Daily Chart for February 14, 2018

If we consider February 12 candlestick and bring yesterday’s price action into the picture then we realize that EOS net movement is about zero.

Yesterday, bears drove prices lower  and despite the previous day being bullish, prices were pretty much confined within that bull candlestick.

Now, these swings are not profitable and few scalpers can actually turn in a profit without the risk of over trading. This is why patience is paramount.

Basing our reasons on yesterday’s analysis, we need a close above $9.5 and middle BB if prices are to rally and a bear drive below $6, the double bar reversals if sellers are to take lead in the coming trading days.

LTC/USD

alt coin LTC/USD Technical analysis
LTCUSD Daily Chart for February 14, 2018

Of course there is a direct relationship between yesterday’s close above the middle BB and the way stochastics are turning from the oversold territory if we check the secondary chart.

This is pretty good from a buyers perspective and all that remains is a surge past $170 as per our LTC trade plan.

If that happens today, buyers can begin picking out buy signals in lower time frames from tomorrow.

NEO/USD

alt coin NEO/USD Technical analysis
NEOUSD Daily Chart for February 14, 2018

Like EOS, nothing much can be said of NEO.

There is obvious price limitation and as long as NEO remains within February 12 high lows, yesterday’s analysis will still hold true.

 

All charts courtesy of Trading View

The post Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens appeared first on NewsBTC.

Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens

NewsBTC

Unexpectedly, altcoins inched higher yesterday even after bears seem to be driving prices lower.

From the charts, we can see that LTC pair is moving along the middle BB and finding it hard to breach and close above $170 which from our analysis remain a strong resistance level and a buy trigger.

Let’s have a look at these charts:

XLM/USD

alt coin Lumens Technical analysis
XLMUSD Daily Chart for February 13, 2018

From yesterday’s price action, it’s clear that buyers were in the driving seat but rather than closing above the main resistance line, we are seeing a micro-consolidation over the past 48 hours or so. This is on top of the visible upper wick which hints of sell pressure.

Regardless of what happens, all we need for our trading purposes is a break out in either direction.

Of course we can take advantage of the increasing bull momentum to skew our view and root for buyers but then again we are in a deep bearish momentum and fundamentals are not that helpful either.

Anyhow, our set up is pretty much the same as our previous analysis and $0.40 remains our bull trigger.

IOT/USD

alt coin IOT/USD Technical analysis
IOTUSD Daily Chart for February 13, 2018

If we check IOTA price action using the top-down approach then we realize that last week’s bears weren’t as rapid as they were on week ending February 3.

As such, bear confirmation is clear but those long lower wicks are buyers pushing prices in lower time frames and that translates to yesterday’s bulls. Now, here’s a thing with IOTA.

Yes, the general mood is slowly improving and leaning towards buyers but there’s a lot of resistance before say prices trend above $3 in the daily chart.

First we must see buyers surging past the middle BB-our immediate resistance, then $2 and then lastly $3.

From there we can begin looking for buying opportunities with any pullback to any of these levels acting as perfect buying levels.

EOS/USD

alt coin EOS/USD Technical analysis
EOSUSD Daily Chart for February 13, 2018

EOS prices are slowly inching back towards $9.5 and that is what we want to see from a buyer’s perspective.

Well, taking hints from yesterday’s analysis, all we need is break out and that could do us a lot of justice.

Yes, we are seeing some marginal gains following that double bar reversal pattern on February 5 and 6 but then again, buyers can’t surge past surge our inter-range resistance level at $9.5.

Because of this, we cannot really go on and buy/sell not until there is a break out or a retracement back to $6.5.

LTC/USD

alt coin LTC/USD Technical analysis
LTCUSD Daily Chart for February 13, 2018

From the charts, it’s clear that LTC prices are still moving below our first layer of resistance-the middle BB and that is despite the positive momentum as the stochastics shows.

Picking out tips from our previous analysis of this pair, all that we need is a bullish spike above $170 or repulsion of higher prices as bears push prices back below $100.

This $70 range is what is important for us in the short to medium term.

NEO/USD

alt coin NEO/USD Technical analysis
NEOUSD Daily Chart for February 13, 2018

Despite the higher lows and long upper wicks, there is clear rejection of higher highs at $130.

Anyhow, that shouldn’t be a surprise because after all, that is where the middle BB and the 38.2% retracement level form a confluence.

This makes this $10 gap between the flexible resistance line and $130 a special zone which if buyers manage to get past then could form a perfect anchor for buyers in consequent sessions.

In my view, there is nothing much that we can do other than wait as per yesterday’s analysis.

 

All charts courtesy of Trading View

The post Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens appeared first on NewsBTC.

Altcoin Analysis – LTC, NEM, EOS, NEO, Stellar Lumens

NewsBTC

Altcoins are recovering and even though there is a little bit of correction from key resistance levels or middle BB, prices are likely to pick up the positive momentum this week.

LTC/USD, NEM/USD and NEO/USD in particular are trending at key levels.

Let’s have a look at these charts:

XLM/USD

alt coin XLM/USD Technical analysis
XLMUSD Daily Chart for February 12, 2018

See the influence of $0.40? That is the 61.8% Fibonacci retracement line and buyers didn’t close above it on February 10.

Fact is, a doji candlestick is clear and that is where sellers are finding support as visible from yesterday’s price action.

There’s a little bit of buy pressure and even though the week is bullish, all we need is either a continuation of bears as prices retrace towards $0.30-or the lower limit of our consolidation or a break and close above $0.40 and hopefully the middle BB.

Of course, this back and forth movement of prices isn’t helpful for trend traders and going forward, there is a high chance of prices snapping back as buy momentum pick up if we take cue from the stochastics.

XEM/USD

alt coin XEM/USD Technical analysis
XEMUSD Daily Chart for February 12, 2018

From the chart, NEM sellers found fair prices to liquidate on February 10.

That is precisely when prices momentarily trended above $0.55 and after close, sellers stepped on the gas pedal, driving prices even lower.

The thing is, as long as prices continue to range within the $0.20 range between the 78.6% and 61.8% retracement lines, then NEM will be in consolidation mode and bears are definitely in charge.

Momentum wise, bulls “appear” and set to recoup their previous losses but that is nothing if there is no strong break out above the middle BB.

EOS/USD

alt coin EOS/USD Technical analysis
EOSUSD Daily Chart for February 12, 2018

By end of last week analysis, it would have been desirable if EOS push and closed above $9.5.

However, judging from price action, that didn’t come to pass and prices are actually reversing and heading back towards $6.5.

For buyers to bounce back from this slow down and push back above $9.5 and if not, we I recommend sell triggers below our main support at February 6 lows of $5.6.

LTC/USD

alt coin LTC/USD Technical analysis
LTCUSD Daily Chart for February 12, 2018

From the charts, it’s clear that LTC prices are still moving below our first layer of resistance-the middle BB and that is despite the positive momentum as the stochastics shows.

Picking out tips from our previous analysis of this pair, all  we need is a bullish spike above $170 or repulsion of higher prices as bears push prices back below $100.

This $70 range is what is important for us in the short to medium term.

NEO/USD

alt coin NEO/USD Technical analysis
NEOUSD Daily Chart for February 12, 2018

Clear price rejection above $130 is what we can see if we consider the past 4 NEO trading days.

Look at the long upper wicks before the trickle down on February 9 and 10 and the consequent bear confirmation yesterday.

The thing is, odds of higher highs would be have been higher if we had NEO above $130 and even with last week’s retest of $70, all that we need is either a confirmation of bull resumption or bear pick up as per week ending February 6 bear candlestick.

In my opinion, this week’s candlestick will either make or break this pair and because of this set up, I expect support at $85 in the coming days.

All charts courtesy of Trading View

The post Altcoin Analysis – LTC, NEM, EOS, NEO, Stellar Lumens appeared first on NewsBTC.